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cliff. >> timing is we're out of time. we got to do it now. that's why i said the next 24 hours will be very important. >> reporter: with the nation on the verge of the largest tax increase since toward war 2 president obama called congressional leaders to the white house for one last desperate shot at a -- world war ii, president obama called congressional leaders to the white house for one last desperate shot at a deal. some republicans believe the meeting with the president is really just for show. >> when the president calls congressional leaders to the white house, it's all political theater or they've got a deal. >> reporter: democrats insist the president tried for weeks to get an agreement on plan a, a $4 trillion debt deal, and after the failure of speaker john boehner's plan b mr. obama has taken the initiative to bring plan c to the meeting today. >> this is not for show. this is a last ditch effort by the president to bring the congressional leaders together to try and get at lea
cliff. >> timing is we're out of time. we got to do it now. that's why i said the next 24 hours will be very important. >> reporter: with the nation on the verge of the largest tax increase since toward war 2 president obama called congressional leaders to the white house for one last desperate shot at a -- world war ii, president obama called congressional leaders to the white house for one last desperate shot at a deal. some republicans believe the meeting with the president is...
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Dec 29, 2012
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. >> congressional leaders left the white house today without a deal to avoid the fiscal cliff. but the leaders and the president are still trying. >> i'm modestly optimistic that an agreement can be achieved. let's make sure that middle class families and the american economy and in fact the world economy isn't adversely impacted because people can't do their jobs. >> reporter: harry reid and mitch mccono agreed to spend the weekend working on a fall back plan that can pass both chambers of congress. >> some people will not like it, but that's where we are. >> reporter: president obama is pushing for a stop gap measure that would at least avoid tax increases on people earning less than $250,000. frustration is growing. a simple stop gap percent is not what men -- measure is not what many in washington hoped for. many blame president obama for the collapse of a bigger deal that would reduce spending and cut the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together. >> house members don't get back here tonight sunday night. >>> pre
. >> congressional leaders left the white house today without a deal to avoid the fiscal cliff. but the leaders and the president are still trying. >> i'm modestly optimistic that an agreement can be achieved. let's make sure that middle class families and the american economy and in fact the world economy isn't adversely impacted because people can't do their jobs. >> reporter: harry reid and mitch mccono agreed to spend the weekend working on a fall back plan that can pass...
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cliff. mcconnell believes there could be a tentative agreement by sunday. this progress comes after president obama met with congressional leaders at the white house today for about an hour. >> i'm modestly optimistic that an agreement can be achieved. nobody's going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy, aren't adversely impacted because people can't do their jobs. >> if there is no deal, taxes will go up next week for most americans. there will be sharp spending cuts and 2 million people will lose their extended unemployment benefits. >>> on "meet the press" this sunday, president obama will sit down for an exclusive interview with david gregory as the fiscal cliff deadline approaches. watch the interview this sunday morning at 10:30 here on nbc 4. >>> a huge turnout at the what's called the nation's gun show in shantilly, virginia, today. thousands of people attended. some vendors sold out. it
cliff. mcconnell believes there could be a tentative agreement by sunday. this progress comes after president obama met with congressional leaders at the white house today for about an hour. >> i'm modestly optimistic that an agreement can be achieved. nobody's going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy, aren't adversely impacted because people can't do their jobs. >> if there is no...
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Dec 29, 2012
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as the fiscal cliff deadline approaches -- >> i cannot believe we got this close. >> the sign of the times reflecting most americans' frustrations. >> sit down, go into a room, and don't come out until you take care of this. >> the fallout with no deal. and every american's tax rates are going up. every american's paychecks will get a lot smaller. >> friday, president obama and congressional leaders met about an hour and agreed to keep talking. >> it is constructive and it is getting done. we will see. >> this eveleaders in the senate are signaling they are ready to compromise. >> i'm hopeful and optimistic. and if there were is no deal the president wants an up or down vote extending tax cuts for those making a quarter million dollars or less. >> i will urge the senate to hold an up or down vote on a basic package to protect the middle class from a tax hike extend vital unemployment insurance for americans looking for a job. >> the impasse has shaken wall street, the dow jones falling 400 points since last week. business people but this man are worried about the future. >> we are de
as the fiscal cliff deadline approaches -- >> i cannot believe we got this close. >> the sign of the times reflecting most americans' frustrations. >> sit down, go into a room, and don't come out until you take care of this. >> the fallout with no deal. and every american's tax rates are going up. every american's paychecks will get a lot smaller. >> friday, president obama and congressional leaders met about an hour and agreed to keep talking. >> it is...
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Dec 29, 2012
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fiscal conservatives say a avood the cliff won't work. corker ays: "if we in fact do not use this ppriod of time 33 with the bigger issues of entitleeents, if we just continue to kiik the can down & ttink the market is going to rrspond in a mooe permanent and negativv 3 another bill... 3 news.mike emanuellfox ewss 3 another bill... held up... in... congressional pridlock... could pend... milk prices... to.... seven dollars a gallon...///. 3 holds the key... to eeping mmlk prices... reaaonable...///. the... senate ... passed their versionn.../ bbt... the -3&& ouse... hasn'' started debate... on the mmasure..../ without ... a... deal,.../ a... 60---year old law... will go back into effect,.../ causing... milk prices... to soar. 3 pne man s taking the nattonal debt on one empty can at a time. time. 85 year old garcia the debtt he colleccs soda cans then turnn them in for the deposit. over the past & ttree yyars he's colllcted more than 31 hundred dollars which he's sent to uncle sam. 3 &p3 ww're paying absolutely too iiterest. (reporter: it
fiscal conservatives say a avood the cliff won't work. corker ays: "if we in fact do not use this ppriod of time 33 with the bigger issues of entitleeents, if we just continue to kiik the can down & ttink the market is going to rrspond in a mooe permanent and negativv 3 another bill... 3 news.mike emanuellfox ewss 3 another bill... held up... in... congressional pridlock... could pend... milk prices... to.... seven dollars a gallon...///. 3 holds the key... to eeping mmlk prices......
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Dec 29, 2012
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. >>> the other big story in our area, the looming fiscal cliff. in the past 24 hours, there's been newfound optimism that democrats and republicans could come to a deal before december 31st. president obama met with house and senate leaders yesterday. lawmakers are hoping for a deal to help avoid tax increases for everyone as well as massive spending cuts in defense and other areas. if a deal can be reached, the senate would vote on it first and then it would head to the house. the latest the house would vote on a possible deal is january 2nd. the final full day before a new congress takes office. the house is set to return to work tomorrow night, however. speaker john boehner told fellow representatives there would be a session at 6:30 tomorrow night. he said he hopes to have a senate bill in his hand by then that they can vote on. and be sure to tune in tomorrow morning for "meet the press." david gregory will sit down with an exclusive interview with president obama. you can see "meet the press" here on nbc 4. the show starts at 10:30. >>> new
. >>> the other big story in our area, the looming fiscal cliff. in the past 24 hours, there's been newfound optimism that democrats and republicans could come to a deal before december 31st. president obama met with house and senate leaders yesterday. lawmakers are hoping for a deal to help avoid tax increases for everyone as well as massive spending cuts in defense and other areas. if a deal can be reached, the senate would vote on it first and then it would head to the house. the...
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Dec 29, 2012
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stay with >> late afternoon meeting at the white house brings some progress toward avoiding the fiscal cliff which is coming very soon. just a couple of days. tonight the president called the meeting constructiv constructive. mark matthews has look at the cost of going over the fiscal cliff if we do. >> president is optimistic but if deal can't be reached this weekend he will tell senate leader reid tiny introduce a fall back bill. >> bill on the floor that make sure that taxes on middle class family don't go up. that unemployment insurance is still available for two million people lay the ground work then for additional deficit reduction and economic growth steps to take in the new year that. >> bill ass the president calls the bare minimum isn't what many on capitol hill had hoped for. it pushes off until next year the larger problems of dealing with the debt ceiling and automatic spending cuts. study by george mason university found spending cut will result in two million jobs lost and 215 billion dollar drop in the nation gross domestic product. that's the value of all the goods an
stay with >> late afternoon meeting at the white house brings some progress toward avoiding the fiscal cliff which is coming very soon. just a couple of days. tonight the president called the meeting constructiv constructive. mark matthews has look at the cost of going over the fiscal cliff if we do. >> president is optimistic but if deal can't be reached this weekend he will tell senate leader reid tiny introduce a fall back bill. >> bill on the floor that make sure that...
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Dec 29, 2012
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but first, with less than two days to go until we hit the so- called fiscal cliff, president obama's sum -- president obama summoned the house and summit leaders from both parties for a meeting on friday. if they can't reach a deal, taxes go up on all of us. plus, don't forget the impact on your 401k. audrey barns joins us with the latest. >> reporter: everyone involved in a meeting between republican and democratic leaders described it as productive, yet it didn't produce an agreement and there are two days left to get it done to avoid automatic tax hikes and across-the-board spending cuts. lawmakers involved in the white house summit vowed to keep chipping away at the sticking points to reach a deal. while senate minority leader mitch mcconnell struck an optimistic tone, senate majority leader harry reid sounded cautious, warning americans whatever they come up with by sunday won't be perfect. after the meeting, president obama made it clear failure is not an option. >> if we don't see an agreement between the two leaders and the senate, i expect a beam to -- bill to go on the floo
but first, with less than two days to go until we hit the so- called fiscal cliff, president obama's sum -- president obama summoned the house and summit leaders from both parties for a meeting on friday. if they can't reach a deal, taxes go up on all of us. plus, don't forget the impact on your 401k. audrey barns joins us with the latest. >> reporter: everyone involved in a meeting between republican and democratic leaders described it as productive, yet it didn't produce an agreement...
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Dec 29, 2012
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now, earlier in the fiscal cliff talks, meetings like this had tended to be tense and nonproductive but this meeting gave rise to hopes of a last-minute deal. for the first time in weeks president obama reported genuine progress to averting some part of the so-called fiscal cliff. >> i'm modestly in agreement we'll achieve. >> they're now chasing a much smaller deal than originally sought. the final product if there is one will not include trillions in debt reduction or federal spending or tax code reform. it won't even include across the board spending cuts. it will focus on tax rates and a few spending items. >> that's the bearare minimum we should be able to get done. >> sidelined for now. house speaker john boehner. as they left they sounded like they were closing in on a compromise. >> think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. >> we'll be working hard to try to see if we can get there in the next 24 hours, and so i'm hopeful and optimistic. >> the president said the american public is getting frustrated
now, earlier in the fiscal cliff talks, meetings like this had tended to be tense and nonproductive but this meeting gave rise to hopes of a last-minute deal. for the first time in weeks president obama reported genuine progress to averting some part of the so-called fiscal cliff. >> i'm modestly in agreement we'll achieve. >> they're now chasing a much smaller deal than originally sought. the final product if there is one will not include trillions in debt reduction or federal...
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. >>> as the countdown counties toward the fiscal cliff, a deal could soon be on the horizon. senate lawmakers say they are planning to work through the weekend to come to an agreement. president obama met with senate and house leaders yesterday. all sides say they're getting closer to a deerl. the two sides are trying to avoid a tax hike on all americans as well as deep spending cuts. but the president also said that the american people are growing tired of what seems to be never ending gridlock and partisan bickeri bickering. >> the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. the economy is growing, but sustaining that trend is going to require elected officials to do their jobs. >> right now, the plan is to come to an agreement then send it over to the senate for a vote. the house would then take a vote, which could take place as late as january 2nd. the president will sit down for an exclusive one-on-one interview with "meet the press" moderator david gregory tomorrow. the two will discuss the fis
. >>> as the countdown counties toward the fiscal cliff, a deal could soon be on the horizon. senate lawmakers say they are planning to work through the weekend to come to an agreement. president obama met with senate and house leaders yesterday. all sides say they're getting closer to a deerl. the two sides are trying to avoid a tax hike on all americans as well as deep spending cuts. but the president also said that the american people are growing tired of what seems to be never...
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Dec 29, 2012
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cliff stale mate. he met with congressional leaders at the white house and announced there's work behind the scenes on a bipartisan deal and enissues an ultimatum. here's sally kidd with the latest. >> president sat down with john boehner and other congressional leaders in hopes of cutting a last minute deal. >> we had a constructive meeting today. senators reed and mcconnell are discussing a potential agreement where we get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. >> we'll be working hard to see if we can try to get there in the next 24 hours. so i'm hopeful and optimistic. >> senate leaders say they're hoping to come back with a proposal as early as sunday. >> whatever we come up with will be imperfect. some people aren't gonna like it. some people will like it less but that's where we are. >> the president said if agreement isn't reached by the deadline, he will urge the senate majority leader to hold a vote on a ba
cliff stale mate. he met with congressional leaders at the white house and announced there's work behind the scenes on a bipartisan deal and enissues an ultimatum. here's sally kidd with the latest. >> president sat down with john boehner and other congressional leaders in hopes of cutting a last minute deal. >> we had a constructive meeting today. senators reed and mcconnell are discussing a potential agreement where we get a bipartisan bill out of the senate over to the house and...
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Dec 29, 2012
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we are >> time is winding down and still no deal to keep the country from falling off the fiscal cliff. with the deadline just three days away the president and congressional leaders met at the white house for more talks. stacey cohan has the latest period >> centers called for them not to meet on saturday. house speaker john boehner said that he would not bring anything to the table on to the talks are resumed. >> ordinary people do their jobs and they need their lives. they sit down and they discuss things and things happen. if they have disagreements in this sort through them. the notion that our leadership cannot do the same thing is mind- boggling to me. it needs to stop. >> the time now is seven 07 a.m.. we will be right back. ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. >> take a look at wall street this morning. stocks ended the week yesterday on another down notes. invesinvestors-a given word about
we are >> time is winding down and still no deal to keep the country from falling off the fiscal cliff. with the deadline just three days away the president and congressional leaders met at the white house for more talks. stacey cohan has the latest period >> centers called for them not to meet on saturday. house speaker john boehner said that he would not bring anything to the table on to the talks are resumed. >> ordinary people do their jobs and they need their lives. they...
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Dec 29, 2012
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us from going over the fiscal cliff. but can they do it in time? >>> and family feud. a college student fed up with what she calls her meddling, overbearing parents goes to court to get them to back off. now, she has a restraining order. today, saturday, december 29, order. today, saturday, december 29, 2012. captions paid for by nbc-universal television >>> and welcome to "today" on this saturday morning. i'm erica hill. >> i'm cain for lester holt. just when you thought it was safe to go out, another storm is hitting the east coast. >> there won't be as bad as the storm that spun off tornadoes and dumped heavy snow across the northeast and the east this week. it could certainly impact holiday travel. we'll have the latest coming up in a moment. >>> also ahead, in the wake of the sandy hook school tragedy, a new plan from the controversial sheriff in arizona. he wants armed volunteers to patrol the schools there. we'll get into that debate. >>> then, we'll share with you a romance story 20 years in the making. it began
us from going over the fiscal cliff. but can they do it in time? >>> and family feud. a college student fed up with what she calls her meddling, overbearing parents goes to court to get them to back off. now, she has a restraining order. today, saturday, december 29, order. today, saturday, december 29, 2012. captions paid for by nbc-universal television >>> and welcome to "today" on this saturday morning. i'm erica hill. >> i'm cain for lester holt. just when...
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. >> washington lawmakers are running out of time to reach a deal on the fiscal cliff. senate leaders are working on a last ditch agreement. they hope to vote as soon as tomorrow. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way means the folks you sent to washington have to do their jobs. >> the president said congress must meet the new year's deadline and pass a balanced plan. >> the president's proposal to raise taxes on the top 2% won't even pay one third of the interest that's owed on this 16 trillon dollar debt. >> ouri senator gave the gop address saying the president's tax hike would only fund the government for eight days. >> here is what could happen if no deal is reached. out of work americans will loose their extended benefits, california would be hit the hardest, 400,000 will loose benefits and the bay area
. >> washington lawmakers are running out of time to reach a deal on the fiscal cliff. senate leaders are working on a last ditch agreement. they hope to vote as soon as tomorrow. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way...
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Dec 29, 2012
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as for the fiscal cliff, congressional leaders met with the president friday. afterwards, both the house and senate return for work and outstanding legislator business including the fiscal clef on sunday. live at 2:00 on c-span with the votes as early as 6:30. that is live on c-span 2. coming up, a discussion on the nasa budget and mission. >> there are cynics who say it party platform is something nobody bothers to read and does not amount to much. whether it is different this time than ever before, i believe the republican party has a platform that is a banner of a bold, unmistakable colors with the pastel shades. >> you see the evaluation of ronald reagan, his mind, his philosophy. he talks about hope and about the future without nuclear weapons in america. it is a more progressive, more optimistic view of the world than in 1976. you can see his anti communism is evolving, his cultural view is eek balding. he has not yet been gained or acquired the tax cut philosophy that it's so nicely into his optimistic outlooks of empowering individuals. >> saturday nigh
as for the fiscal cliff, congressional leaders met with the president friday. afterwards, both the house and senate return for work and outstanding legislator business including the fiscal clef on sunday. live at 2:00 on c-span with the votes as early as 6:30. that is live on c-span 2. coming up, a discussion on the nasa budget and mission. >> there are cynics who say it party platform is something nobody bothers to read and does not amount to much. whether it is different this time than...
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cliff. >> we have determine thursday is some secret scorecard. a scorecard which based on testimony votes -- >> reporter: i think there's house -- >> i think there's potentially i hope not to push a tax increase through the house, and we will see what happens. >> reporter: while the speaker denied he's bringing down the hammer, stating in a letter that "there is no scorecard," -- >> stop spending now! stop spending now! >> reporter: it's clear, tea partiers are not rallying to shut down the government anymore. some are even leaving room for compromise on raising taxes on wealthier americans. >> are all of you saying that you would not vote to raise income tax rates on the top 2%? are you all basically saying that's out of the question? >> but the problem is that i wanted to -- i wanted real cuts, real cuts. i'm not saying yes, and i'm not saying no. >> reporter: even as conservative colleagues are holding their ground. >> the simple fact is raising taxes is not going grow our economy. >> i remain the most optimistic person in this town. but we've
cliff. >> we have determine thursday is some secret scorecard. a scorecard which based on testimony votes -- >> reporter: i think there's house -- >> i think there's potentially i hope not to push a tax increase through the house, and we will see what happens. >> reporter: while the speaker denied he's bringing down the hammer, stating in a letter that "there is no scorecard," -- >> stop spending now! stop spending now! >> reporter: it's clear, tea...
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cliff. >> i would say this is a dramatic understatement. the 2012 political season was filled with memorable moments. how about the 47% or clint eastwood talking to an empty chair? and todd akin's legitimate rape comment. that's just naming a few. candy crowley looks back at the top ten political stories of 2012. >> reporter: picking the top ten moments of an election year is like finding your favorite grain of sand on the beach. there are an impossible number of possibilities. there are the moments when catch phrases become boomerangs. >> if you got a business, you didn't build that. >> i like being able to fire people who provide services to me. >> when cast members stole the spotlight. >> i'm an american woman who us contraception. let's start there. >> almost like an etch a sketch, you can shake it up and we start all over again. >> a fair number of moments ranging from ridiculous to explicable. >> i'm not going to shut up. it's my turn. >> i think it's called romnesia. >> if i were to c
cliff. >> i would say this is a dramatic understatement. the 2012 political season was filled with memorable moments. how about the 47% or clint eastwood talking to an empty chair? and todd akin's legitimate rape comment. that's just naming a few. candy crowley looks back at the top ten political stories of 2012. >> reporter: picking the top ten moments of an election year is like finding your favorite grain of sand on the beach. there are an impossible number of possibilities....